EMCOR Group (EME) 10-K Summaries & Annual Filing History
Review EMCOR Group, Inc. (EME) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
EMCOR Group provides electrical, mechanical, and building services across the United States. For the fiscal year, the company reported higher revenue and operating income compared to the prior period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$17B
Revenue reported for the fiscal year.
Operating income
$1.7B
Income from operations reported for the year.
Net income
$1.3B
Net income reported for the year.
Operating cash flow
$1.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $11.1B | +11.8% |
| Dec 31, 2023 | $12.6B | +13.6% |
| Dec 31, 2024 | $14.6B | +15.8% |
| Dec 31, 2025 | $17B | +16.6% |
Business overview
EMCOR Group operates in the construction and facilities services industry, offering electrical, mechanical, and building services. The company competes in both private and public sector markets, serving a range of customers with project and service work.
Financial performance
Revenue increased compared to the prior year, and operating income also rose. Net income and operating cash flow both showed positive results for the period.
Material risks
The company faces risks from negative macroeconomic trends that could delay receivable payments, increase credit losses, or raise commodity and material prices. Economic downturns may reduce private-sector discretionary projects and intensify competition for public-sector contracts.
Liquidity and capital
The company focuses on converting operating income into cash to fund working capital, acquisitions, capital expenditures, debt payments, and shareholder returns through share repurchases and dividends. Management monitors economic conditions and adjusts its capital allocation strategy as needed.
What to watch
Monitor changes in the company's operating cash flow and its ability to convert income into cash for capital allocation.